R.R. Donnelley & Sons Company (NYSE:RRD) Q2 2020 Earnings Conference Call - Final Transcript

Jul 29, 2020 • 11:00 am ET


R.R. Donnelley & Sons Company (NYSE:RRD) Q2 2020 Earnings Conference Call - Final Transcript


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Welcome to the RRD Second Quarter 2020 Results Conference Call. My name is Chris, and I will be your operator for today's call. [Operator Instructions] After the remarks from Company representatives, we will conduct a question-and-answer session by phone. [Operator Instructions]

Please note that this call is being recorded. I will now turn the call over to Johan Nystedt, RRD's Senior Vice President for Finance.

Johan Nystedt

Thank you, Chris, and thank you, everyone, for joining RRD's second quarter 2020 results conference call. Joining me on today's call are Dan Knotts, RRD's President and Chief Executive Officer; and Terry Peterson, our Chief Financial Officer. At the conclusion of today's prepared remarks, Dan, Terry and I will take questions.

As a reminder, we have prepared supplemental slides for today's call, which can be found on the Investors section of our website at rrd.com. As we review second quarter results on today's call, I will be advancing the slides if you're connected by webcast. Alternatively, we will reference page numbers from the supplemental slides for those participants who wish to follow along by advancing the slides themselves. The information that will be reviewed during this call is addressed in more detail in our second quarter press release, a copy of which is posted on the Investors section on our website at rrd.com. This information was also furnished to the SEC in the Form 8-K we filed yesterday.

Throughout this call, we will also refer to forward-looking statements, including comments on our financial outlook and strategy, all of which involve risks and uncertainties. Therefore, our actual results could differ materially from our current expectations. For a complete discussion of the factors that could cause our actual results to differ materially, please refer to cautionary statement included in our earnings release and the risk factors included in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other filings with the SEC.

Further, we will discuss non-GAAP financial information. We believe the presentation of non-GAAP results provide investors with useful supplementary information concerning the Company's ongoing operations and is an appropriate way to evaluate the Company's performance. These non-GAAP results are provided for information purposes only. Any references to non-GAAP financial measures are reconciled to the comparable GAAP financial measures in the Investors section of our website as part of our press release.

I will now turn the call over to Dan.

Daniel L. Knotts

Great. Thanks, Johan. Good morning, everyone, and thank you for joining us today. On behalf of all of us at RRD, I hope you're staying safe and healthy during this ongoing global pandemic. In my comments today, I'm going to provide an update on how RRD is navigating the current business environment, while also staying focused on our long-term strategy, review our Q2 results and then touch on what we expect to see going forward.

The impact of the COVID-19 pandemic on world economies, global supply chains, consumer behaviors and company business models has been sudden and severe. In response, we are